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Difference in charts of 2 brokers

  • #1
  • First Post: Sep 3, 2010 10:39pm Sep 3, 2010 10:39pm
Anybody able to tell me why the charts between Interbank FX and PFG Best are so different? I know they are different types of brokers. Would it make a difference of 12 pips on a candle? Some of the candles are bear while the other broker is bull.

Are these two types of brokers that different in the charts?
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  • #2
  • Sep 4, 2010 10:48am Sep 4, 2010 10:48am
Quoting cugir321
Anybody able to tell me why the charts between Interbank FX and PFG Best are so different? I know they are different types of brokers. Would it make a difference of 12 pips on a candle? Some of the candles are bear while the other broker is bull.

Are these two types of brokers that different in the charts?
May be this is due to different time zone of trading server.... I can see that the charts are 4h. So, a 4h candlestick have been completed, say, at 1 a.m. in PFGBest, and the same candlestick have been completed at 2 a.m. in Interbank FX.
  • #3
  • Sep 4, 2010 11:16am Sep 4, 2010 11:16am
That could be the answer.

Quoting slovforex
May be this is due to different time zone of trading server.... I can see that the charts are 4h. So, a 4h candlestick have been completed, say, at 1 a.m. in PFGBest, and the same candlestick have been completed at 2 a.m. in Interbank FX.
  • #4
  • Last Post: Sep 5, 2010 4:02pm Sep 5, 2010 4:02pm
Quoting slovforex
May be this is due to different time zone of trading server.... I can see that the charts are 4h. So, a 4h candlestick have been completed, say, at 1 a.m. in PFGBest, and the same candlestick have been completed at 2 a.m. in Interbank FX.
To compare, look at 1h charts. Every hour, across the word as 60 minutes, and should start at the same time. Every 4h bar does not necessary start at the same time.

Also, for Forex, theire is no centralized place where all trades are done. So, differents brokers may have differents prices depending on the price transaction that occured on is server or pool.
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